CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14 cover art

CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14

CAN MINERS TAKE OVER THE BITCOIN NETWORK? - Episode 14

Listen for free

View show details

Summary

In this episode we answer the following

  1. Can more miners get together and solve the puzzle faster than 10mins?
  2. Why not make the size of each block in the bitcoin blockchain bigger to make the transactions faster?
  3. What if some countries ban mining? What are the implications?
  4. How does bitcoin gets updated and maintained since it's decentralized and open source?
  5. As mining gets more expensive, would it cause centralization eventually?
  6. As mining gets more expensive wouldn't only a handful of people get newly minted bitcoin?
adbl_web_anon_alc_button_suppression_c
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.